Browse

You are looking at 1 - 2 of 2 items :

  • Keywords: inflation x
  • Keywords: monetary fund x
Clear All
Government Finance in a Model of Currency Substitution

Government Finance in a Model of Currency Substitution »

Source: Government Finance in a Model of Currency Substitution

Volume/Issue: 1993/80

Series: IMF Working Papers

Author(s): Lihong Liu , and Anne Sibert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1993

ISBN: 9781451955477

Keywords: money growth, inflation, money demand, monetary policy, monetary fund

Our model is a variant of the cash-in-advance model. Goods must be purchased in the seller’s currency, but currency may be traded before shopping at a cost. This cost is a measure of substitutability. The mo...

Government Finance in a Model of Currency Substitution

Government Finance in a Model of Currency Substitution »

Volume/Issue: 1993/80

Series: IMF Working Papers

Author(s): Lihong Liu , and Anne Sibert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1993

DOI: http://dx.doi.org/10.5089/9781451955477.001

ISBN: 9781451955477

Keywords: money growth, inflation, money demand, monetary policy, monetary fund

Our model is a variant of the cash-in-advance model. Goods must be purchased in the seller’s currency, but currency may be traded before shopping at a cost. This cost is a measure of substitutability. The mo...